Titlebook: Exchange-Rate Regimes and Currency Unions; Proceedings of a con Ernst Baltensperger (Professor of Economics),Hans- Conference proceedings 1

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of all countries continue to play an active role in the foreign-exchange market. While official participation has been particularly extensive in the case of the EMS countries, it has also been a factor in the currency markets outside of the EMS. The movements in the value of the US dollar in 1990, f

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Foreign Trade and the National Economy which this contribution was actually written took place in February 1990.) Progress was swift in 1985, which witnessed the publication of the Delors Committee report in April and its discussion at the Madrid Conference of Heads of State in June.

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Early Modern Literature in Historyat date on persons, goods, services and capital will be able to move freely within the EC. The measures to be taken in this context can be defined as examples of negative integration (i.e., abolition of intra-European constraints). In this paper, the main point we wish to make is that this negative

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Floating Exchange Rates and Capital Mobility, has pursued a policy of pegging the exchange rate by means of a currency index.. Lately, however, adherence to this policy has clearly diminished the scope for conducting monetary policies independently from the rest of the world because of the increased mobility and sensitivity of foreign-capital

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Monetary Integration of Eastern Europe Into the World Economy) that an essential element of their market-oriented reforms has to be a closer integration into the world economy. For only then will the internal price structure of non-autarkic countries be right — i.e., permanently adapting to true scarcities. That, however, is an indispensable prerequisite for

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Non-Sterilised Intervention and the Floating Exchange Rateof all countries continue to play an active role in the foreign-exchange market. While official participation has been particularly extensive in the case of the EMS countries, it has also been a factor in the currency markets outside of the EMS. The movements in the value of the US dollar in 1990, f